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Dalton's Arizona Homes BlogDalton's Arizona Homes BlogPhoenix Arizona Real Estate Blog with market commentary, statistics and other thoughts Articles
Remembering Bob Moran
2008-03-06 19:29:00 If you grew up reading the sports pages in Mesa or Tucson as either a fan of Arizona State or the University of Arizona, you almost certainly know the name Bob Moran . Coach, as he was known to all, was as intertwined in the rivalry between the two schools as anyone could be without actually taking ... More About: Miscellany , Remembering
Craigslist Can Help Sell Your Phoenix Home, But ?
2008-03-06 17:08:00 One of my sellers and I parted ways yesterday. One of the main reasons was our differing views on how to use craigslist to sell a home here in Phoenix . I enter a listing onto craigslist when the home first goes on the market through the Point-2-Agent portal. He prefers entering daily with different list prices, ... More About: Home , Sell , Craigslist
Anniversary Gifts
2008-03-05 21:19:00 This is what happens when your son is a real estate agent who’s too cheap to spend money on a Hallmark card, much less an actual gift. Then again, what is the gift for a 41st anniversary? I’m guessing tapioca pudding but I really have no idea whatsoever. I originally threatened my mother that I would ... More About: Gifts , Anniversary , Miscellany
Bank Owned Homes - Guarantees Not Included
2008-03-04 22:11:00 Here’s the gist of a discussion I had with one of buyers this weekend when discussing some bank owned homes that we viewed: A bank owned home has been repossessed. It’s like buying a car that had been repossessed. Except with a home, you have the opportunity to have the house inspected by a professional home ... More About: Homes , Owned , Bank
Phoenix Real Estate Inventory Update: March 4
2008-03-04 17:35:00 The Phoenix real estate market is picking up. And if you’re shopping for bank owned homes, you had best be serious from the start. First, let’s take a look back to inventory last year. I often tell you that inventory picks up in the spring as people get their homes on the market in advance of ... More About: Estate , Real Estate , Inventory , Update
Why Rent to Owns Are Terrible Options for Buyers With Bad Credit
2008-03-03 17:53:00 Lease options, a.k.a. rent to own homes, sound enticing. Rather than paying rent strictly to a landlord without any long-term benefit, a portion of your rent and a portion of your deposits are set aside for your eventual down payment. What most people considering rent to own homes miss is the 800-pound gorilla sitting in the ... More About: Credit , Options , Buyers , Rent
Phoenix Mortgage Rates Report: March 3, 2008
2008-03-03 17:14:00 Lock all interest rates at application. The unrest in Asian markets is bleeding to the US and traders are more concerned about the inflation risk than the possibility of a recession. Economists believe that The Fed’s easy money policy is really an investor bailout disguised as a recession aversion. They think it’s ... More About: Phoenix , Report , Mortgage , March , Rates
More Bad Information About Short Sales
2008-03-01 22:54:00 I feel sorry for the folks listening to Phoenix’s KKNT this afternoon during a segment with someone billing themselves as the “short sale shark.” Here were two pieces of misinformation provided in the opening five minutes of today’s segment. Short sales are an exercise in “equity creation.” No, short sales are an exercise in negative equity elimination. ... More About: Information , Sales
To Stage or Not to Stage Your Phoenix Real Estate
2008-03-01 17:19:00 The debate flared again over dinner last night … is it better for a home being sold to be vacant or furnished? And, as always, the answer was “it depends.” Under ideal circumstances, a home for sale should be decorated and staged like a model home at a new build. There’s a reason many homeowners tour ... More About: Estate , Real Estate , Phoenix , Real , Stage
Friday Afternoon Theme Music: February 29
2008-02-29 16:54:00 One of the dangers of writing a real estate blog for many is the tendency to believe one’s own press clippings, to use an old sportswriting phrase. I’m thankful for my readers but I don’t measure the success of this blog by the number of people who have me in their RSS reader or by ... More About: Music , Miscellany , Friday , Afternoon , Theme
Phoenix Mortgage Rates Report: February 28, 2008
2008-02-29 16:18:00 I had a complete meltdown on my Twitter feed, yesterday. Bernanke told the House that he was concerned about inflation but more concerned about a recession. I initially reversed my float recommendation and subsequently changed it back to lock because I thought Wall Street would hate Ben’s remarks; I was wrong. I ... More About: Phoenix , Report , Mortgage , Rates , February
Bank Owned Homes Master List Updated
2008-02-28 18:03:00 One of these days I’ll get an assistant to handle some of these details. In the interim, though, I’ll just work through my schedule as best I can. Showings take precedence over the updates - I’ll do the same for you whenever you’re ready to buy. In any event, the master list of Bank Owned Homes ... More About: List , Master
Quick Widget-Ectomy
2008-02-28 00:14:00 I feel like Mel Brooks in Spaceballs when his head was placed on his body in reverse. “Why didn’t anyone tell me my ass is this big?” Why didn’t anyone tell me the widget in the left column was showing the wrong information? The old widget was flipping the equation on the U.S. and Canadian dollars, ... More About: Widget , Quick
How Foreclosures Are Helping the Phoenix Real Estate Market
2008-02-27 20:36:00 Not to minimize the impact a foreclosure can have on a homeowner, but in many ways foreclosed properties are exactly what the Phoenix real estate market needs. Reality is tough to swallow. Many sellers still suffer from “but my house is better” syndrome when pricing their homes for sale. These same folks are looking at the ... More About: Estate , Real Estate , Real Estate Market , Foreclosures
Canadian Buyers: Watch the Widget
2008-02-27 18:18:00 There’s always time. If we don’t buy now, we always can do it next year (or next millenium.) We’re waiting for the market to hit bottom. If you’re north of the border and have heard yourself uttering any of these phrases, I invite you to take a look at the widget in the left sidebar for representative exchange ... More About: Watch , Widget , Canadian , Buyers
Phoenix Real Estate Inventory Update: February 26
2008-02-26 23:18:00 Sometimes there’s temptation to use percentages here. For instance, I could tell you that sales of single-family detached homes in Maricopa County over the past 30 days jumped 10% over last week’s report. Sounds really cool, huh? But it’s only 200 homes. Percentages often lack perspective. Something to keep in mind the next time you hear about ... More About: Estate , Real Estate , Phoenix , Inventory , Update
Pricing in the Phoenix Real Estate Market
2008-02-24 18:37:00 There currently are places in the Phoenix real estate market where homes are available in the very low $100s. For an investor looking for a property here (and there are investors beginning to look again), the low price might be a deciding factor. But a low price itself doesn’t necessarily a good investment make. There are many ... More About: Estate , Real Estate , Real Estate Market , Market
Canadians Buying New Construction Homes in Phoenix
2008-02-24 01:08:00 Some builders are allowing their new construction to be purchased by investors. Some are prohibiting investors but allowing “second home” buyers. Some only will see to someone using a home as their primary residence. Incentives vary not only from builder to builder but between communities under construction by the same builder. Cabrillo Point, Pulte’s 69-unit development ... More About: Buying , Phoenix , Construction , Canadians , Homes
Overlooking Surprise on a Saturday afternoon
2008-02-23 18:41:00 Looking out from the press box window at Surprise Stadium, it’s hard to believe the world we know is crumbling from beneath us. From here you don’t see the bank-owned homes, the short sales, the homeowner associations who often as not are unable or unwilling to enforce their own rules. For anyone who has lived in ... More About: Saturday , Afternoon
New Lists of Bank Owned Homes Later Today
2008-02-22 15:49:00 I’m due an update on the bank-owned homes city-level maps, which I hope to have done by tonight (schedule willing … busy day ahead.) You’ll need to e-mail me for a password to e-mail the city-level maps. Why? Because I’m the only one with the maps - an e-mail address not involving a Disney character is ... More About: Today , Lists , Homes , Owned , Bank
Darth Vader Discusses Trulia Voices
2008-02-22 15:37:00 After writing twice about a specific thread of questions and answers on Trulia the past two days (see: Buying a Home is Not Like The Price is Right, How Too Much Information Can Harm a Real Estate Buyer or Seller), Jeff Turner from Real Estate Shows offered me the chance to talk further in an ... More About: Darth Vader , Vader , Darth
Buying A Home Is NOT Like Being on the Price is Right
2008-02-20 18:55:00 There was a question - rather, a series of questions - on Trulia Voices that has stuck with me over the last day or so. Combining and shortening the multi-question thread, a buyer had made an offer on a bank-owned home, the offer had been rejected and now the buyer was trying to figure out ... More About: Buying , Home , Price
Phoenix Real Estate Inventory Update - February 19
2008-02-20 00:01:00 Wash, rinse, repeat. Inventory rose by a net 200 homes from last week’s updates while sales of single-family homes in the Phoenix real estate market inched up ever so slightly over the 2,000 mark. Anecdotal evidence of a pickup - increased foot traffic in the new builds, increased phone calls and e-mails - has not yet ... More About: Estate , Real Estate , Update
Everybody Wants Some
2008-02-19 17:08:00 Received a call from someone who is looking for homes with built-in equity here in the Phoenix real estate market. Cool. I can do that. They want to buy now rather than later given the state of the market - the high inventory, slower sales, etc. Sounds like a plan. At the end of the day, they ...
A Tale of Three Bank-Owned Homes
2008-02-18 17:10:00 Wouldn’t pictures go better with this post, Jonathan Of course they would, my friends, but I don’t want to be accused of advertising (or anti-advertising) anyone’s listing. Oh, and I didn’t have my camera and this is a post in lieu of Monday morning writer’s block. On Saturday, aside from the new build communities in Surprise Farm, ... More About: Homes , Owned , Bank , Tale
Note From a Client
2008-02-18 01:59:00 Sometime soon notes like this will find their way into the About Us section instead of my bio. I think what your clients say about you is a little better indication of service than what I think of myself. One of the advantages of doing a lot of business is building a base of contacts, as ... More About: Note , Client
Phoenix New Build Tour 2008!
2008-02-17 17:12:00 No, this isn’t an official event a la the luxury home tour in Tucson this past week. Rather this is my personal odyssey through multiple new construction communities here in the Phoenix real estate market over the past week. Yesterday was Surprise day - visits to Richmond American, Taylor Woodrow, D.R. Horton and Ryland in Greer ... More About: Tour , Build , 2008
Builders and Real Estate Agents? Love-Hate Relationship
2008-02-17 02:57:00 Builders and real estate agents have a definitive love-hate relationship. I tend to believe this comes from the corporate level down; the agent inside the sales office doesn’t lose anything if a buyer wants to be represented. More often than not, they’re just following company policy. There’s no question a builder would much rather deal with ... More About: Love , Estate , Real Estate , Relationship , Agents
Search Engines and Your Home
2008-02-16 16:01:00 I don’t write this blog for the search engines. Yes, the phrase Phoenix real estate will make its way into a title or a post a couple of times a week (out of around 15 posts or more) but I’m not a Phoenix real estate agent telling you that in the Phoenix real estate market ... More About: Search Engines , Home , Search , Engines
Canadians Buying Arizona Real Estate: Don?t Fear FIRPTA
More articles from this author:2008-02-15 23:48:00 Let’s start with the disclaimer that I’m neither a tax professional nor a lawyer. For professional tax or legal advice, get in touch with a professional in the field you need. Actual results may vary. Here’s the short story on FIRPTA - the Foreign Investment in Real Property Tax Act of 1980. If you’re a foreign ... More About: Buying , Estate , Real Estate , Arizona , Canadians 1, 2, 3, 4, 5, 6, 7 |
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